Business

July 12, 2018 - 1:19 pm
LONDON (AP) — A British office that prosecutes serious corruption cases says two former senior bankers have been found guilty of manipulating a key benchmark on which global interest rates are hedged. A jury convicted Philippe Moryoussef, formerly of Barclays Bank, in absentia on Thursday. He fled...
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In this June 8, 2018, photo a for sale sign stands in front of a house, in Jenkintown, Pa. On Thursday, July 12, Freddie Mac reports on the week’s average U.S. mortgage rates. (AP Photo/Matt Rourke)
July 12, 2018 - 10:42 am
WASHINGTON (AP) — Long-term U.S. mortgage rates edged higher this week, marking their first increase since early June. Mortgage buyer Freddie Mac says the average rate on 30-year, fixed-rate mortgages ticked up to 4.53 percent from 4.52 percent a week earlier. Despite the decline in recent weeks,...
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FILE - In this Sept. 24, 2014 fiel photo the new headquarters of the European Central Bank (ECB), building at right, is reflected in the River Main in Frankfurt, Germany. (AP Photo/Michael Probst, file)
July 12, 2018 - 10:27 am
FRANKFURT, Germany (AP) — Top officials at the European Central Bank expressed confidence at their last policy meeting that the eurozone economy remains "broadly on track" but expressed concern that rising trade protectionism could dampen business confidence and blunt the recovery. The assessment...
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July 12, 2018 - 10:24 am
WASHINGTON (AP) — House Speaker Paul Ryan is crediting the GOP's tax plan with improving the U.S. economy, an argument that's central to the Republican pitch to voters ahead of the midterm election. In a speech Thursday to the Economic Club of Washington, D.C., Ryan says, "Tax reform is working. It...
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FILE- In this June 13, 2018, file photo, Bob Harris carefully selects which tomatoes to buy at Paducah, Kentucky's Downtown Farmers' Market. On Thursday, July 12, the Labor Department reports on U.S. consumer prices for June. (Ellen O'Nan/The Paducah Sun via AP, File)
July 12, 2018 - 8:50 am
WASHINGTON (AP) — Consumer prices rose in June from a year earlier at the fastest pace in more than six years, lifted by more expensive gas, car insurance, and higher rent. The Labor Department said Thursday that the consumer price index ticked up just 0.1 percent in June. But inflation jumped 2.9...
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July 12, 2018 - 7:49 am
LONDON (AP) — Britain's culture secretary has cleared the way for 21st Century Fox's bid for Sky following pledges that it will safeguard the independence of Sky News. Britain's government had been looking at the issue amid fears the takeover would give Rupert Murdoch too much power in the U.K...
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CORRECTS DATE - erman Chancellor Angela Merkel arrives for a working session during a summit of heads of state and government at NATO headquarters in Brussels on Thursday, July 12, 2018. (AP Photo/Markus Schreiber)
July 12, 2018 - 7:23 am
MOSCOW (AP) — The Kremlin says a new prospective natural gas pipeline to Germany will help increase regional stability and strengthen ties between Russia and the West. U.S. President Donald Trump argued Wednesday that the new natural gas pipeline venture with Moscow has left German Chancellor...
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July 12, 2018 - 7:15 am
NEW YORK (AP) — The Latest on Papa John's founder's use of a racial slur (all times local): 12:00 a.m. Papa John's says founder John Schnatter has resigned as chairman of the board. The company made the announcement late Wednesday, hours after Schnatter apologized for using a racial slur during a...
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Chicago Mayor Rahm Emanuel speaks during an interview with the Associated Press in Beijing, Thursday, July 12, 2018. Emanuel, on a mission to salvage business deals threatened by a tariff war, says Chinese officials expressed confidence during his visit to Beijing that they can survive the spiraling dispute with Washington. (AP Photo/Mark Schiefelbein)
July 12, 2018 - 7:04 am
BEIJING (AP) — Chicago Mayor Rahm Emanuel, on a mission to salvage business deals threatened by a tariff war, said Thursday that Chinese officials expressed confidence they can survive the spiraling dispute with Washington. The mayor met with Vice President Wang Qishan and China's commerce minister...
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FILE - In this Nov. 10, 2016, file photo, a name of Samsung Biologics Co. is displayed at the Korea Exchange in Seoul, South Korea. A South Korean regulator says Samsung Biologics has intentionally breached accounting rules. The Financial Services Commission said Thursday, July 13, 2018, that it will bring the case to prosecutors and ask Samsung Biologics to dismiss executives in charge of accounting breaches.(AP Photo/Lee Jin-man, File)
July 12, 2018 - 6:13 am
SEOUL, South Korea (AP) — South Korea's top financial regulator said Thursday it had found intentional breaches of accounting rules at Samsung Biologics, the contract drugmaking unit once seen as Samsung's future growth engine. The Financial Services Commission said it will bring the case to...
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